Spa Opportunities 11th September 2015 Issue 224

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11-24 september 2015 ISSUE 224

Historic building to become Rosewood Edinburgh Hoskins Architects will design a new Rosewood hotel at Edinburgh’s former Royal High School, a historic landmark building on Calton Hill in the centre of the Scottish capital that has stood vacant for almost 50 years. The neoclassical, listed building was originally designed by architect Thomas Hamilton and completed in 1829. The plan to invest more than £75m (US$115m, €102m) to restore and convert the property is led by Duddingston House Properties and Urbanist Hotels. The 147-bedroom hotel will include a Sense spa, fitness cent re, i nd o or s w i m m i ng p o ol, The neoclassical, listed building was originally built in 1829 three restaurants and bars, and a 3,200sq ft (297sq m) ballroom. “The design focuses around an informed restoration of the central Hamilton-designed Gareth Hoskins, the architect for building, repairing its decaying fabric and the project, said the new designs respond to comments made by both maintaining the strong sculptural presence of heritage organisations and the public. its frontage without intervention,” said Hoskins.

ISPA: US spa revenue surpasses US$15bn The International Spa Association (ISPA) has released its annual findings of US industry financial indicators, reporting the sector continues to grow, surpassing the US$15bn (€13.3bn, £9.7bn) mark in 2014. ISPA said the increase in spa revenues was driven by strong growth in the number of spa visits, estimated to have increased to reach a record high of 176 million in 2014. PricewaterhouseCoopers conducted the study, which presents the “Big Five” metrics: total revenue, spa visits, spa locations, revenue per visit and number of employees. Details: http://lei.sr?a=N2x4Y_S

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The existing Greek revival building will house the public areas of the hotel, allowing its spaces to be fully accessible to the public for the first time in the building’s history. The hotel’s bedrooms will be set away from the original building in two newly constructed wings. “Their organic shape, with landed terraces and undulating copper facade, inspired by the layered volcanic landscape of both Calton Hill and nearby Salisbury Crags, allow the new wings to blend with the surrounding hill,” said Hoskins. “The contrast of the form and colour of the new elements, together with the considered approach to the landscaping of not just the site, but the streetscape around the former high school, allow this hugely important building to retain and reinforce its prominence as a key Edinburgh landmark.” Details: http://lei.sr?a=v2K3t_S

Steiner acquired by private equity firm Private equity firm Catterton will acquire beauty and wellness provider and educator Steiner Leisure for US$65 (€56, £41) per share, or approximately US$925m (€799m, £599m), including debt. The transaction is expected to close in the Q4 2015 or in early 2016. Steiner operates under the Elemis, La Thérapie, Bliss, Remède, Laboratoire Remède and Jou brands, and its products are distributed through more than 200 Steineroperated day spas, resorts and spas-at-sea under its Elemis, Mandara, Chavana, Bliss and Remède brands. Steiner is also an accredited educator in massage and skincare services. “This transaction will provide Steiner Leisure with greater flexibility to focus on our long-term business initiatives and to

Leonard Fluxman with his wife Patricia

improve our role as a global provider and innovator in beauty, wellness and education,” said Leonard Fluxman, president and CEO of Steiner Leisure. “Catterton’s partnership is an important endorsement of our brands and the hard work and commitment of our team.” Catterton is a consumer-focused private equity firm. Details: http://lei.sr?a=Z8w8Q_S